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Rowan Drive, Verwood, Dorset, BH31 - Image 1
Rowan Drive, Verwood, Dorset, BH31 - Image 2
Rowan Drive, Verwood, Dorset, BH31 - Image 3
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Rowan Drive, Verwood, Dorset, BH31

South East

£535,000
Listed on 02/08/2023

Property Details

Bedrooms
3
Type
Detached house
Area
1205 sqft

Description

This detached bungalow offers a solid foundation for those looking to invest in a property with renovation potential. Nestled in a serene cul-de-sac, it benefits from easy access to Potterne Park, which connects to the expansive Moors Valley Country Park, perfect for outdoor enthusiasts. The home features three bedrooms and an adaptable layout that allows for modernisation and personalization. The entrance porch welcomes you with practical tiled flooring and leads into an entrance hall equipped with essential storage solutions and access to the loft. The kitchen is functional, featuring a range of base and wall-mounted cupboards, as well as provisions for necessary appliances like a washing machine and upright fridge/freezer. The adjoining lounge/dining area opens up to the rear garden through UPVC double glazed doors, making it ideal for entertaining or family gatherings. A sun room off this space adds further light and could serve multiple purposes, from additional dining space to a cozy reading nook. Each of the three bedrooms provides comfortable living quarters, with the master benefitting from an en-suite shower room. The main bathroom includes classic fixtures that could be updated according to your tastes. Outside, the property boasts a good-sized driveway offering ample off-road parking. The garden is designed for ease of maintenance but retains opportunities for landscaping or gardening enthusiasts to enhance its appeal further. With wrought iron gates flanking either side of the property providing access to the rear garden, there's potential to create private outdoor retreats or entertainment spaces. The integral garage features power and lighting, alongside direct access to the utility room—making everyday tasks more convenient. This bungalow presents not just a home but an opportunity for investment in a desirable location with strong prospects for appreciation through renovation and updates.

Investment Analysis

(BH31 area)

Above Market Value

This property is priced +13.3% above area average per sq ft

+13.3%
This Property
£444/sq ft
Area Average
£392/sq ft

Renovation Potential

Est. Renovation Cost
£53,500 - £133,750
10-25% of property value
Target Value
£519,596
10% above area average per sq ft
Potential ROI
-22.3%
After renovation
Monthly Sales
18
Average per month
Market Turnover
88%
Properties sold annually

Local Market Trend (BH31)

Area prices are falling by +5.9% over the last 12 months
3 year growth: -2.9%
5 year growth: 13.4%
Investment Disclaimer: Analysis based on BH31 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Rowan Drive, Verwood, Dorset, BH31
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